ARAMCO Report - The Mother of ALL Mortgage Blogs!

ARAMCO Report - Friday May 9, 2014

Posted by Mehran Aram on Fri, May 9, 2014 @ 16:05 PM

In the absence of any major market moving economic reports, mortgage rates were unchanged with conforming no point 30 year fixed rates averaging 4 1/4 percent and 15 year rates closer to 3 1/4. According to Realty Trac during the first quarter of 2014, roughly 43 percent of all residential property sales were all cash purchases. The top 5 markets for cash sales were in Florida. Meanwhile in San Diego detached single family home sales rose by 12 percent in April.

And now for something, completely different: Did you know that during a typical Major League Baseball season, approximately 160,000 baseballs are used? Great news for baseball manufacturers.

For more information on a home purchase, refinance, or a reverse mortgage, visit our website at Aramco.Biz or call me at (877) 700-0942.

This is Mehran Aram with today's ARAMCO Report.

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Topics: Reverse Mortgage, Aramco Report, and now for something completely different, San Diego, Mehran Aram, Realty Trac, Florida, California, 30 year fixed rates, cash purchase, Baseball, Single Family Home, First Quarter, Mortgage rates